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Impact of Trade Taxes on US Consumers

The discussion highlights the ongoing impact of trade taxes implemented by the US government, particularly under President Trump's administration. While there has been some optimism regarding the revenue these taxes generate, there is concern about their effect on American consumers, especially as future taxes on pharmaceuticals and computer chips are considered. The potential tax on computer chips could indirectly affect smartphone prices, but the demand for alternative phones by international visitors may provide a temporary relief for smartphone companies. This complex environment raises questions about the viability and timing of additional trade measures, particularly regarding the auto industry, where relocating production poses significant challenges.